|
PureBytes Links
Trading Reference Links
|
No chance in hell... it was GTC all the way.
- Hacker
On Wed, 2 Dec 1998, Robert W Cummings wrote:
>
> I certainly agree the broker should have told him that. I'm not familiar
> with Datek but if he entered the the order electronically was it possible
> the order was accepted as a GTC, but in reality was just a day limit order?
>
> Robert
>
> hansi_klein@xxxxxxxxx wrote:
> >
> >In that case his broker - DATEK should
> >have told him that no GTC orders are
> >accepted.
> >
> >
> > ---- On Dec 1 Robert W Cummings <rwc@xxxxxxxxxxxxx> wrote:
> >> Its my understanding only stop orders are accepted for overnight in Nasdaq
> >> traded stocks that will except them. Eggs does but any limit order has to
> >> be place daily so from what your saying you had no order in there to be
> >> filled. You placed it Friday but didn't replace it again Monday so no
> >> order was there to be seen by the Eggs MM's. This is not a Datek rule but a
> >> Nasdaq one.
> >>
> >> Robert
> >>
> >> Dark Hacker wrote:
> >>
> >> >My order was GTC with a limit to sell at 31 1/2. The price had risen to
> >> >around $40 / share with no execution. I find it hard to believe that the
> >> >order book was so large or that there were so few buyers that this trade
> >> >could not be executed for 20 minutes above my limit price.
> >> >
> >> >Unless anyone can find a flaw in this reasoning, the SEC is gonna hear
> >> >about this.
> >> >
> >> >- Hacker
> >> >
> >> >
> >> >On Tue, 1 Dec 1998 hansi_klein@xxxxxxxxx wrote:
> >> >
> >> >>
> >> >> good till cancel otherwise all your orders
> >> >> get deleted after the last minute of trading
> >> >>
> >> >>
> >> >> ---- On Nov 30 Sigstroker@xxxxxxx wrote:
> >> >> > Did you re-enter your limit order today? If I remember, all limit
> >> orders at
> >> >> > Datek are for the day only.
> >> >> >
> >> >> > In a message dated 11/30/98 9:33:11 PM, hacker@xxxxxxxxxxxxxxx writes:
> >> >> >
> >> >> > > Speaking of fills, it lloks like Datek screwed me today by
> holding my
> >> >> > > order when they should have executed it. I entered a limit order
> >> Friday
> >> >> > > to sell shares of Egghead Software at $31 1/2 / share. Egghead
> >> closed at
> >> >> > > a hair under that price and I was anticipating a spike up in the
> >> morning.
> >> >> > >
> >> >> > > Well come Monday I got my spike upwards as Egghead soared to $40 /
> >> share,
> >> >> > > however my limit order never executed even though my limit price
> >> had been
> >> >> > > exceeded by 9 whole points! Egghead traded around $38 / share for
> >> a full
> >> >> > > half hour before plummeting to $25 / share and I never got my fill!
> >> >> > >
> >> >> > > Worse, a friend of mine who trades with E-Trade says he experienced
> >> the
> >> >> > > same problem with Egghead in his account this morning.
> >> >> > >
> >> >> > > So are the brokerage firms holding our orders and not executing
> >> them as we
> >> >> > > have directed? Isn't this illegal? Are there other
> explanations for
> >> >> > > this? If not, I'm going to directthe SEC to look into the matter.
> >> >> > >
> >> >> > > - Hacker
> >> >> > >
> >> >> >
> >> >>
> >> >>
> >> >
> >> >---
> >> >Dark Hacker | Fortress Of Computation
> >> >hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
> >> >____________________________________________________________________
> >> >
> >> > "Building our future... one twisted freak at a time."
> >> >
> >> >
> >> >
> >>
> >
> >
> >-----------------------------------------------
> >FREE! The World's Best Email Address @email.com
> >Reserve your name now at http://www.email.com
> >
> >
>
---
Dark Hacker | Fortress Of Computation
hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
____________________________________________________________________
"Building our future... one twisted freak at a time."
|